A. Authority: The City may appropriate from estimated revenue in any budget year money to a reserve for capital improvements within a capital improvements fund for the purpose of financing future specific capital improvements. Money in said reserves shall be allowed to accumulate from year to year until the accumulated total thereof is sufficient to permit economical expenditures for the specified purposes.
B. Disbursements: Disbursements from said reserves shall be made only by transfer to a revenue account within said capital improvements fund, pursuant to a budget appropriation thereof in a budget for said fund, duly adopted in the manner provided by adoption of budgets by State law. (1966 Code § 2-1-3)